PBOC sets USD/CNY reference rate at 7.1201 vs. 7.289 previous – by anilpanchal7 PBOC RiskAversion NewsTrading USDCNY CentralBanks
People’s Bank of China set the USD/CNY central rate at 7.1201 on Monday, versus previous fix of 7.289 and market expectations of 7.1186. It's worth noting that the USD/CNY closed near 7.1263 the previous day.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.